MMRDA signs 10 MoUs worth Rs 8.73 trillion on day one of WEF 2026
MMRDA signs $96 billion worth of MoUs at WEF 2026 Davos, boosting Mumbai 3.0 vision and reinforcing Maharashtra's push towards a $1 trillion economy
 "MMRDA signs 10 MoUs worth Rs 8.73 trillion on day one of WEF 2026")
Mumbai Metropolitan Region Development Authority (MMRDA) has signed 10 memorandums of understanding (MoUs) worth $96 billion (₹8.73 trillion) for different infrastructure developments on day one of the World Economic Forum (WEF) 2026 in Davos.
“The historic $96 billion in investments secured on the very first day of WEF 2026 is a reflection of the global investors' unwavering faith in Maharashtra's potential. These 10 MoUs are not just financial agreements- they are the blueprints for 'Mumbai 3.0' and the key to accelerating our march towards the $1 trillion economy milestone,” Maharashtra Chief Minister Devendra Fadnavis said.
The authority has signed an MoU with Italy-based logistics firm SBG Group ($45 billion- equivalent to ₹4.09 trillion) to develop global-scale integrated logistics parks, industrial clusters, ecommerce and hyperscale data infrastructure across the MMR, and another MoU of $25 billion (₹2.27 trillion) with Pune-based real estate developer Panchshil Realty for a large-scale mixed-use development.
In collaboration with Japan’s Sumitomo Realty and Development through the MoU of ₹72,800 crore ($8 billion), MMRDA will build a world-class high-street district on and around the High Speed Rail (Bullet Train) Station at Bandra Kurla Complex (BKC), comprising high-street retail and experiential boulevards, premium commercial and office spaces, world-class convention, hospitality and tourism infrastructure.
Meanwhile, via its $10 billion (₹91,100 crore) worth MoU with Mumbai-based realty conglomerate K Raheja Corp, MMRDA will develop future-ready industrial, fintech and innovation ecosystems, including a logistics & Industrial Park in Kharbav and a fintech & insurtech hub in Wadala.
MMRDA has also signed an MoU worth $8 billion (₹72,800 crore) with IISM Global to develop a world-class sports city and sports university ecosystem in the MMR.
The authority also signed strategic MoUs with the University of California, Berkeley, JICA (Japan International Cooperation Agency), Sembcorp Development, Technical University of Munich (TUM), and Urban Futures Collective.
Dr Sanjay Mukherjee, metropolitan commissioner, signed the MoUs for the authority. It had secured $40 billion (₹3.6 trillion) of investments in the 2025 edition of the forum.
“This surge reflects global confidence in Maharashtra and MMR’s execution strength and will generate approximately 9.6 lakh direct and indirect jobs, redefining MMR as a hub for sustainable infrastructure and high-tech ecosystems,” MMRDA noted.